The banking commission wants the Treasury select committee to review the new regulatory structure in April 2016.
KRS parent company Cabot Square Capital has sold its majority stake to private equity firm Phoenix Equity Partners.
Smith & Williamson Investment Management has hired Tineke Frikkee to work in its UK equity income trust.
Investors have over £34bn in underperforming funds, according to research by Chelsea Financial Services, with the amount held in the 10 worst offenders jumping by more than 70 per cent since the start of year.
The amount of money run by Liontrust has doubled in the year to the end of March.
Other firms who are still taking on new instructions quoting waiting times of up to 5 weeks for valuation.
Parliamentary commission on banking standards’ final report wants a senior persons regime introduced.
The commission says the FCA should have the power to ban or limit bank sales incentive schemes.
The banking commission says FOS complaint fees should be waived if banks handle initial complaints well.
The banking commission says the Government should publish a report on breaking up the Royal Bank of Scotland by September.
The parliamentary commission on banking standards says regulators should respond to reasonable requests from the Treasury select committee.
Case paves the way for further legal challenges over FSCS compensation payouts.
Failure to provide a process that is as robust and evolved as current systems could result in a worse end-to-end journey and higher prices.
The FCA is making some encouraging noises but only time will tell if it has successfully learnt from the mistakes of the FSA
It is unfortunate that exam creators continue to regard MPT as holy writ.
The FCA has banned the promotion of Ucis to retail clients but it will be maintaining its scrutiny of novel investment structures
The recent Finovate conference demonstrated some of the most interesting innovation in financial services coming out of the US.
Internal squabbles hurts the wider perception of the adviser market.
Unregulated investment schemes will continue to be a blight on the industry despite the FCA’s attempts to crack down